In a period when costs are falling and inventory quantities are stable, the lowest taxable 10)_ income would be reported by using the inventory method of a) moving average c) weighted average. b) fifo. d) lifo. 11)2 11) if a company uses lifo, a lifo liquidation causes a company's income taxes to increase: a) lifo liquidations have no effect on a company's income taxes b) whether inventory purchase costs are declining or rising. c) when inventory purchase costs are rising d) when inventory purchase costs are declining. e ba 12) ramen inc. adopted dollar-value lifo (dvl) as of january 1, 2018, when it had a cost 12) inventory of $600,000. its inventory as of december 31, 2018, was $667,800 at year-end costs and the cost index was 1.06. what was dvl inventory on december 31, 20187 a) $636,000 b) $630,000 c) $631,800 d) none of these answer choices are correct